Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 77, No. 1, January-February

Activity of IREM Ethics Boards: At the 2011 IREM Fall Leadership Conference
THE ETHICS INQUIRY BOARD reviewed one old complaint and three new complaints. Under old business, the Board reviewed charges of conflict of interest and mismanagement. During the initial review, the Board was unable to ascertain whether a possible...
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Americans with Disabilities Act: 2010 Standards Are Changing
TO MARK THE 20th ANNIVERSARY OF THE ADA, IN THE DEPARTMENT OF JUSTICE ISSUED FINAL LAN-GUAGE ALTERING THE ADA REGULATIONS. We anticipate that there will be a potential increase in media coverage and lawsuits in conjunction with the changes to the...
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Arizona's Vant-Garde Architecture
"The first thing visitors do when they enter the [Tempe Municipal] building is look up" said Jennifer Adams, facilities operations manager for the city of Tempe, Ariz. "It really has that 'wow* effect" Constructed in 1970, the 17,650-square-foot,...
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Awards and Recognition
DAWN M. CARPENTER, CPM, president of Dawning Real Estate, Inc., AMO, in Staten Island, NX, was honored as the 54th recipient of the 2011 REALTOR[R] of the Year award. The award recognizes outstanding service to the REALTOR[R] organization at the local,...
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Congrats to the New CPM Designees: New CPM Designees within North America
Gregory M. Scharlemann, CPM; Charlotte; Western North Carolina Chapter No. 40 Jason Scott Adair, CPM, ARM; Topeka, Kan.; Kansas City Chapter No. 15 Anne M. Beard, CPM; McLean, Va.; Northern Virginia Chapter No. 77 Kali R. Carringer, CPM; Meridian,...
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Cracking the "QR" Code
WHAT IS A QR CODE? In a nutshell, QR codes are barcodes that are pushing the limits by quickly linking us from physical products to the digital world--also known and "hard linking." These small codes are changing the way we interact with products--whether...
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Creating a Crime-Free Property
Noels stark reminder that no property is immune from criminal activity put the spotlight on property managers, who have a duty to address illegal activity--not after it happens, but before it happens and the damage is done--by becoming adept at identilying...
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Emerging Trends in Brazil
"This is a very favorable period of time for Brazil's real estate market," said Schneider. With a stable and balanced economy and trade, favorable legal framework, and the lowest unemployment rate in recent years, the Brazilian real estate market is...
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Following Is an Exclusive Interview with Jerry L. Sovell, CPM Executive CPM of Dominium Management Services, Inc., AMO
* Describe the "Dominium Difference." For our investors and partners, it means working with a proven, experienced organization that understands the principles of solid investment and multifamily management. For our residents, it means choosing...
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I Have a Duty to Report, but I'm Scared! You Observe Unethical Behavior on the Part of a Fellow IREM Member. What Do You Do? to Complicate Things, What If That Person Is Your Friend, Your Co-Worker or Even Your Boss?
Your first inclination may be to look the other way, pretend not to see the discretion and hope the matter disappears. Whether you are a CPM Member, other credentialed member or Associate Member, you have a duty to uphold the I REM Code of Professional...
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Managing Risk: It's Just a Wheel Stop, Right?
GREAT FOR CARS, NOT SO GREAT FOR PEDESTRIANS [ILLUSTRATION OMITTED] Wheel stops--sometimes referred to as tire stops or parking bumpers--are solid, elongated blocks made of concrete, wood, plastic or recycled tires, typically held in place by...
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Moment of Truth
It's a fresh year and a fresh take on JPM[R]. This issue--specifically, the raw, grittiness of this issues cover--represents the "moment of truth" we have collectively experienced as real estate managers. It is a nod to the strength and power we must...
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Northwest Tech: Emerging Technologies like Cloud Computing, Data Storage and Social Media Aren't Just Affecting the Way We Live and Work, They're Affecting Job Growth, Too-Spurring Pickup in Commercial Office Real Estate Markets throughout the Country, Particularly the Northwest, Where So Many Technology Jobs Already Reside
The high-tech industry is driving employment growth, and the strongest technology sectors are impacting office markets across the nation with several tech clusters in the West'1 said Colin Yasukochi, vice president of research tor Jones Lang LaSalles...
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Paying It Forward: IREM Foundation Institute of Real Estate Management
The IREM Foundation has a symbiotic relationship with the Institute: While the Foundation develops and supports its own independent initiatives, such as professional recognition awards and scholarships, it also makes grants to the Institute to fund...
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Refresh, Rethink and Reinvigorate Your Plans
THREE WAYS TO SHIFT YOUR MINDSET Recently, I was sitting in a cafe in the Republic of Georgia, soaking up the atmosphere and humming idly along with the onstage duo while customers all around me chattered in equal parts Georgian and Russian. A bit...
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Risk and Reward: The Fight to Fill Vacant Commercial Real Estate Space in Recent Years Has Forced Real Estate Owners and Managers to Consider New Uses for Their Properties-Even Fib They Require Taking Additional Risks
"the tough economy has resulted in a lot of challenges--especially vacancies," said Janice Ochenkowski, managing director for Jones Lang LaSalle and the commercial real estate firm's director of global risk management in Chicago. "But property owners...
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Shot Note: A Virtual Pen and Paper: Save, Search and Share Your Hand-Written Notes and Sketches
I recently had the honor to teach a CCIM course in Tokyo for IREM Chapter No. 110. During the course, I made a number of new friends, including IREM instructor, Masayoshi "Mark" Fujisawa, CPM. Knowing my passion for technology, Mark was kind enough...
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Trends in Apartment Revenue Management: Apartment Revenue Management (ARM) Systems Can Assist in Maximizing Occupancy, Optimizing Revenue and Contributing to Resident Satisfaction by Opening Up New Leasing Options. A Company Wishing to Take Advantage of Such a System Simply Needs to Decide Which Model Works Best for Its Organization and Management Style
Apartment Revenue Management (ARM) mirrors the revenue management principles applied by the airline, hotel and car rental industries, which seek to price competitively in the marketplace. Although use of revenue management systems in the multifamily...
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Troubled Affordable Housing: Bridging the Gap
"Respect-based management" is treating your residents the way you want to be treated. Provide your residents with all the information they need to be successful in their new apartment. It's vital to be fair and not base important decisions on emotions...
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Troubled Properties
A troubled asset simply cannot support itself with the income it produces; it became troubled usually as the result of a high physical or economic vacancy The local market has been unable to support the required rent levels; fewer tenants sign leases...
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Use Your 5 Senses to Decrease Expenses
IF YOU HAVE EVER HAD A TEENAGER AT HOME, YOU MIGHT RECOGNIZE THIS SCENARIO: HIS/HER. ROOM IS A DISASTER ZONE. CLOTHES ARE STREWN ABOUT, THERE'S A WET TOWEL ON THE FLOOR, CRUSTY DIEHES ARE HALF-BURIED ON THE DESK, AND THERE SITS YOUR SON/DAUGHTER, OBLIVIOUS...
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Walking in Work Boots: According to an Old Adage, "Before Criticizing a Man, Walk a Mile in His Shoes." but Have You Ever Walked a Mile in a Maintenance Technician's Shoes?
In an effort to bridge the gap between two very different worlds at my properties--management and maintenance--I worked with a firm to strengthen the communication and did some detective work to uncover the thoughts held by both parties. The following...
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Why Invest In: Commercial Real Estate? Often Criticized by the Media, Real Estate Is Viewed by Some as an Inferior Investment Due to Its Labor-Intensive Management Responsib1lities-But Consider the Ongoing Benefits of Investing in Income-Producing Property
Tust as there are different reasons to invest, there are also a variety of investment vehicles in the marketplace, including stocks, bonds, futures and real estate. When considering real estate as an investment vehicle, this supposed downside can be...
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